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Journal entry — Classification and measurement of financial instruments — FASB makes decision about the comment period

Published on: Dec 13, 2012

At yesterday’s meeting, the FASB gave the staff permission to draft a proposed ASU on classification and measurement of financial instruments. The Board expects to issue the proposed ASU in January for a comment period that would last for 90 days or end on April 30, whichever is later. Roundtables are planned for the end of April.

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